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Security Deposit Deed

Bank Facility to Depositor

The Deposit is given by the Depositor to a Lender as security for a loan / facility provided by the Lender:

How to Tailor the Document for Your Need?


01

Create Document

Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.

02

Fill Information

Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.

03

Get Document

When you are done, click the "Get Document" button and you can download the document in Word or PDF format.

04

Review Document

The document should be signed by the authorised signatory (or directors of a company) and witnessed to complete the formality.

Document Preview


Document Description

The Deposit is given by the Depositor to a Lender as security for a loan / facility provided by the Lender:

In consideration of the provision by the Lender to the Depositor of banking accommodation facilities and services under which the Lender agreed to make available to the Depositor.

Unless and until all Liabilities have been fully ascertained and fully repaid and discharged and the Lender shall have no further actual or contingent liability under the Facility Agreement, the Deposit shall not be repayable (in whole or in part) by the Lender to the Depositor or any other person.

Unless and until all Liabilities have been fully ascertained and fully repaid and discharged and the Lender shall have no further actual or contingent liability under the Facility Agreement, the Depositor shall not be entitled to withdraw the Deposit or any part thereof save for any interest to be paid, without the prior written consent of the Lender.

How to use this Document?

This document should be carefully read by the Depositor and the Lender.

The depositor should sign and return a copy, and once signed, both parties should get a copy.

The details regarding the Account of the Deposit, whether the Deposit would be registered as a Security, and other related details should all be clearly stated in the Deed.

If any party wishes to amend the agreement in the future, all parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by all parties.

 

How to Tailor the Document for Your Need?

  1. Create Document: Click on “Create document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account. 

  2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document. The document should be signed by the authorised signatory (or 2 directors for a company) and witnessed to complete the formality.

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